Tag: banking license


SoFi realises ambition to become national bank with US regulatory approval

January 24, 2022

Via: FinTech Futures

As part of the personal finance firm’s goal of gaining a US banking charter, SoFi announced the acquisition of California’s Golden Pacific Bancorp, and its subsidiary Golden Pacific Bank (GPB), for $22.3 million in March. The firm had filed an […]


California regulator orders Chime to stop calling itself a bank

May 6, 2021

Via: Banking Dive

Chime, which launched in 2013, is not a bank, but partners with The Bancorp Bank and Stride Bank to offer its customers financial products such as debit cards and Federal Deposit Insurance Corp. (FDIC)-insured deposits. The California agency claims Chime […]